Career Opportunity with the United Nations Economic Commission for Africa (ECA)
The United Nations Economic Commission for Africa (ECA) in Addis Ababa is hiring an Engineer (P-4, Full-Time, Fixed-Term, 1 Year) under the Division of Administration – Facilities Management Section
https://telegra.ph/Career-Opportunity-with-the-United-Nations-Economic-Commission-for-Africa-ECA-10-04
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The United Nations Economic Commission for Africa (ECA) in Addis Ababa is hiring an Engineer (P-4, Full-Time, Fixed-Term, 1 Year) under the Division of Administration – Facilities Management Section
https://telegra.ph/Career-Opportunity-with-the-United-Nations-Economic-Commission-for-Africa-ECA-10-04
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Kenya Power Joins ‘Road to Addis’ EV Safari Ahead of Africa E-Mobility Week 2025
Kenya Power has announced its participation in the Road to Addis - a 1,600-kilometer electric vehicle (EV) rally from Nairobi to Addis Ababa designed to spotlight East Africa’s readiness for electric mobility. Organized by Intro Africa, the event positions Kenya among regional leaders advancing EV infrastructure and renewable integration, reflecting Africa’s broader ambition to decarbonize transport and cut fuel dependency.
Source: Kenya Power
Full Article: 👉🏾 LINK
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COOP Bank Taps Huawei for AI-Driven Green Data Centers
Cooperative Bank of Oromia (COOP), one of Ethiopia's top five private banks with 15 milllion clients, has partnered with Huawei to modernize its digital backbone, deploying AI-driven storage, networking, cybersecurity, and green data centers to sustain the country's accelerating digital finance boom.
With over ETB 3.6 trillion (US$24.7 billion) processed via mobile banking in 2024 and 80% of transactions already digital, Ethiopia's financial system is hitting scale limits that demand resilient and energy-efficient infrastructure.
https://shorturl.at/eH0GR
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Cooperative Bank of Oromia (COOP), one of Ethiopia's top five private banks with 15 milllion clients, has partnered with Huawei to modernize its digital backbone, deploying AI-driven storage, networking, cybersecurity, and green data centers to sustain the country's accelerating digital finance boom.
With over ETB 3.6 trillion (US$24.7 billion) processed via mobile banking in 2024 and 80% of transactions already digital, Ethiopia's financial system is hitting scale limits that demand resilient and energy-efficient infrastructure.
https://shorturl.at/eH0GR
@Businessinfoeth
The official exchange rates of the Ethiopian Birr against various foreign currencies as of October 06, 2025.
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
The Finance Ministry Suspends Retroactive Tax, Safeguarding Ethiopia’s Local Juice Industry
The Ethiopian Ministry of Finance (MoF) has temporarily halted a tax authority directive requiring domestic fruit drink manufacturers to pay years of accumulated excise tax. The original enforcement, based on a regulation mandating at least 30 percent fruit concentrate or pulp for beverages to qualify as juice, had compelled manufacturers to settle back taxes, penalties, and interest dating back four years.
https://telegra.ph/The-Finance-Ministry-Suspends-Retroactive-Tax-Safeguarding-Ethiopias-Local-Juice-Industry-10-06
@businessinfoeth
The Ethiopian Ministry of Finance (MoF) has temporarily halted a tax authority directive requiring domestic fruit drink manufacturers to pay years of accumulated excise tax. The original enforcement, based on a regulation mandating at least 30 percent fruit concentrate or pulp for beverages to qualify as juice, had compelled manufacturers to settle back taxes, penalties, and interest dating back four years.
https://telegra.ph/The-Finance-Ministry-Suspends-Retroactive-Tax-Safeguarding-Ethiopias-Local-Juice-Industry-10-06
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Internship Opportunity with Friedrich-Ebert-Stiftung (FES)
FES is offering 3–4 month internships at its Ethiopia National Office, African Union Cooperation Office, and African Migration Policy Centre (AMPC) in Addis Ababa. Interns gain hands-on experience in research, policy analysis, communications, event planning, and project support, including attending seminars and conferences, while working closely with FES teams and partners.
Full Article - https://telegra.ph/Internship-Opportunity-with-Friedrich-Ebert-Stiftung-FES-10-06
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FES is offering 3–4 month internships at its Ethiopia National Office, African Union Cooperation Office, and African Migration Policy Centre (AMPC) in Addis Ababa. Interns gain hands-on experience in research, policy analysis, communications, event planning, and project support, including attending seminars and conferences, while working closely with FES teams and partners.
Full Article - https://telegra.ph/Internship-Opportunity-with-Friedrich-Ebert-Stiftung-FES-10-06
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ECMA Opens Hunt for Ethiopia's First IPO-Ready Cohort
The Ethiopian Capital Market Authority (ECMA) has officially opened applications for the first cohort of its "IPO Clinic," a critical initiative designed to build a pipeline of companies ready to list on the new stock exchange.
https://telegra.ph/ECMA-Opens-Hunt-for-Ethiopias-First-IPO-Ready-Cohort-10-06
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The Ethiopian Capital Market Authority (ECMA) has officially opened applications for the first cohort of its "IPO Clinic," a critical initiative designed to build a pipeline of companies ready to list on the new stock exchange.
https://telegra.ph/ECMA-Opens-Hunt-for-Ethiopias-First-IPO-Ready-Cohort-10-06
@businessinfoeth
Arifpay, Yango Ink Deal to Embed Finance in Ride-Hailing
Ethiopian fintech Arifpay has partnered with ride-hailing giant Yango to fully integrate digital payments and financial services into its platform, a first-of-its-kind deal in the country aimed at capturing the lucrative but fragmented transport sector.
https://telegra.ph/Arifpay-Yango-Ink-Deal-to-Embed-Finance-in-Ride-Hailing-10-06
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Ethiopian fintech Arifpay has partnered with ride-hailing giant Yango to fully integrate digital payments and financial services into its platform, a first-of-its-kind deal in the country aimed at capturing the lucrative but fragmented transport sector.
https://telegra.ph/Arifpay-Yango-Ink-Deal-to-Embed-Finance-in-Ride-Hailing-10-06
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The official exchange rates of the Ethiopian Birr against various foreign currencies as of October 07, 2025.
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
ESX Nears Retail Trading Launch With Shared Broker Platform
Ethiopia’s new stock exchange is poised to open to retail investors in the coming month through a shared digital platform, a crucial step to democratize access and build market liquidity. The launch of the consolidated Broker Back-Office (BBO) system will provide the public with a unified front-end to trade securities through any of the licensed brokerage firms, including the newly established Wegagen Capital.
https://telegra.ph/ESX-Nears-Retail-Trading-Launch-With-Shared-Broker-Platform-10-07
@businessinfoeth
Ethiopia’s new stock exchange is poised to open to retail investors in the coming month through a shared digital platform, a crucial step to democratize access and build market liquidity. The launch of the consolidated Broker Back-Office (BBO) system will provide the public with a unified front-end to trade securities through any of the licensed brokerage firms, including the newly established Wegagen Capital.
https://telegra.ph/ESX-Nears-Retail-Trading-Launch-With-Shared-Broker-Platform-10-07
@businessinfoeth
Career Opportunity with the Ethiopia Deposit Insurance Fund (EDIF)
The Ethiopia Deposit Insurance Fund is seeking a qualified and experienced Senior Finance Officer to join its team in Addis Ababa. The position offers an opportunity to play a key role in managing and maintaining the Fund’s financial operations, including preparing reports, monitoring budgets, reconciling accounts, and ensuring the proper implementation of financial procedures.
Full Article - https://telegra.ph/Career-Opportunity-with-the-Ethiopia-Deposit-Insurance-Fund-EDIF-10-07
@BusinessInfoEth
The Ethiopia Deposit Insurance Fund is seeking a qualified and experienced Senior Finance Officer to join its team in Addis Ababa. The position offers an opportunity to play a key role in managing and maintaining the Fund’s financial operations, including preparing reports, monitoring budgets, reconciling accounts, and ensuring the proper implementation of financial procedures.
Full Article - https://telegra.ph/Career-Opportunity-with-the-Ethiopia-Deposit-Insurance-Fund-EDIF-10-07
@BusinessInfoEth
Safaricom Ethiopia Wins Users But Bleeds Cash, World Bank Says
Safaricom Ethiopia has rapidly captured millions of users since its 2022 launch, driving down data prices and boosting 4G coverage, but the venture has incurred heavy losses, highlighting the steep cost of entry into Africa's second-most populous market.
https://telegra.ph/Safaricom-Ethiopia-Wins-Users-But-Bleeds-Cash-World-Bank-Says-10-07
@businessinfoeth
Safaricom Ethiopia has rapidly captured millions of users since its 2022 launch, driving down data prices and boosting 4G coverage, but the venture has incurred heavy losses, highlighting the steep cost of entry into Africa's second-most populous market.
https://telegra.ph/Safaricom-Ethiopia-Wins-Users-But-Bleeds-Cash-World-Bank-Says-10-07
@businessinfoeth
Zambia Taps Ethiopia's 'Fayda' Model for Digital ID Rollout
Zambia has signed a pact to adopt Ethiopia’s “Fayda” digital identity system, a significant South-South technology transfer that positions Ethiopia as an emerging leader in homegrown digital public infrastructure.
https://telegra.ph/Zambia-Taps-Ethiopias-Fayda-Model-for-Digital-ID-Rollout-10-07
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Zambia has signed a pact to adopt Ethiopia’s “Fayda” digital identity system, a significant South-South technology transfer that positions Ethiopia as an emerging leader in homegrown digital public infrastructure.
https://telegra.ph/Zambia-Taps-Ethiopias-Fayda-Model-for-Digital-ID-Rollout-10-07
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The official exchange rates of the Ethiopian Birr against various foreign currencies as of October 08, 2025.
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Ethiopia Begins AfCFTA Trade on October 9, Targeting Export Diversification
Ethiopia will officially begin trading under the African Continental Free Trade Area (AfCFTA) on October 9, a landmark move aimed at diversifying its export base and boosting foreign currency earnings. After a seven-year preparatory phase, the country's producers now gain preferential access to a market of 1.3 billion people, a critical step in reducing reliance on traditional agricultural exports like coffee.
https://telegra.ph/Ethiopia-Begins-AfCFTA-Trade-Targeting-Export-Diversification-10-08
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Ethiopia will officially begin trading under the African Continental Free Trade Area (AfCFTA) on October 9, a landmark move aimed at diversifying its export base and boosting foreign currency earnings. After a seven-year preparatory phase, the country's producers now gain preferential access to a market of 1.3 billion people, a critical step in reducing reliance on traditional agricultural exports like coffee.
https://telegra.ph/Ethiopia-Begins-AfCFTA-Trade-Targeting-Export-Diversification-10-08
@businessinfoeth
First Consult to Launch Digital MSME Lending Platform
First Consult is launching "MESMER Digital Loan," a new platform designed to provide accessible and scalable financing for Ethiopia's chronically underserved Micro, Small, and Medium Enterprises (MSMEs). The move is a significant step to address the massive credit gap that has constrained the growth of a sector vital to the country's employment and economic development.
https://telegra.ph/First-Consult-to-Launch-Digital-MSME-Lending-Platform-10-08-2
@businessinfoeth
First Consult is launching "MESMER Digital Loan," a new platform designed to provide accessible and scalable financing for Ethiopia's chronically underserved Micro, Small, and Medium Enterprises (MSMEs). The move is a significant step to address the massive credit gap that has constrained the growth of a sector vital to the country's employment and economic development.
https://telegra.ph/First-Consult-to-Launch-Digital-MSME-Lending-Platform-10-08-2
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Ethiopia Targets 9% GDP Growth on Back of Industrial Push
Ethiopia is targeting an ambitious 9% economic growth rate for the 2025/26 fiscal year, a goal predicated on a major push in domestic fertilizer production and continued export diversification.
https://telegra.ph/Ethiopia-Targets-9-GDP-Growth-on-Back-of-Industrial-Push-10-08
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Ethiopia is targeting an ambitious 9% economic growth rate for the 2025/26 fiscal year, a goal predicated on a major push in domestic fertilizer production and continued export diversification.
https://telegra.ph/Ethiopia-Targets-9-GDP-Growth-on-Back-of-Industrial-Push-10-08
@businessinfoeth
Wegagen Bank Profit Surges 73% to a Record 3.85 Bln Birr
Wegagen Bank S.C. posted a record 3.85 billion birr profit before tax for the 2024/25 Ethiopian fiscal year, a 73% surge that significantly outpaced the sector average and cemented its position as one of the country's fastest-growing private lenders.
https://telegra.ph/Wegagen-Bank-Profit-Surges-73-to-a-Record-385-Bln-Birr-10-09
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Wegagen Bank S.C. posted a record 3.85 billion birr profit before tax for the 2024/25 Ethiopian fiscal year, a 73% surge that significantly outpaced the sector average and cemented its position as one of the country's fastest-growing private lenders.
https://telegra.ph/Wegagen-Bank-Profit-Surges-73-to-a-Record-385-Bln-Birr-10-09
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The official exchange rates of the Ethiopian Birr against various foreign currencies as of October 09, 2025.
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Ethiopian Coffee Exports Surge, Raking in $546 Million in Two Months
Ethiopia's coffee exports generated $546 million in the first two months of the 2025/26 fiscal year, a robust start that puts the country on track to meet its ambitious full-year revenue target.
https://telegra.ph/Ethiopian-Coffee-Exports-Surge-Raking-in-546-Million-in-Two-Months-10-09
@businessinfoeth
Ethiopia's coffee exports generated $546 million in the first two months of the 2025/26 fiscal year, a robust start that puts the country on track to meet its ambitious full-year revenue target.
https://telegra.ph/Ethiopian-Coffee-Exports-Surge-Raking-in-546-Million-in-Two-Months-10-09
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